Lagarde: the IMF will not join the Greek program if it is not viable

GIAN EHRENZELLER

Christine Lagarde, Managing Director International Monetary Fund IMF, listens during a panel event at the 47th Annual Meeting of the World Economic Forum (WEF) in Davos, Switzerland, 18 January 2017. The annual meeting brings together business leaders, international political leaders and select intellectuals, to discuss the pressing issues facing the world. The overarching theme of the 2017 meeting, which takes place from 17 to 20 January, is 'Responsive and Responsible Leadership'.

Lagarde: the IMF will not join the Greek program if it is not viable


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Christine Lagarde told the German daily Die Welt that the International Monetary Fund will not be joining the Greek program unless it becomes viable.

In an interview published on Tuesday, Lagarde says that there is not yet a decision by the IMF board on whether IMF will participate in the third Greek bailout program.

The deadlock could escalate as Greece is due to meet a debt payment in July, while Germany will not concede to the release of the next tranche of the €86bn bailout program without ensuring the IMF is on board.

Greece appears unable to meet its July payment obligation without support from its creditors.

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